Zoom2u Technologies (ASX:Z2U) Days Inventory : 40.11 (As of Dec. 2023)

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What is Zoom2u Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Zoom2u Technologies's Average Total Inventories for the six months ended in Dec. 2023 was A$0.05 Mil. Zoom2u Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.21 Mil. Hence, Zoom2u Technologies's Days Inventory for the six months ended in Dec. 2023 was 40.11.

The historical rank and industry rank for Zoom2u Technologies's Days Inventory or its related term are showing as below:

ASX:Z2U' s Days Inventory Range Over the Past 10 Years
Min: 39.54 Med: 69.55 Max: 99.55
Current: 46.13

During the past 2 years, Zoom2u Technologies's highest Days Inventory was 99.55. The lowest was 39.54. And the median was 69.55.

ASX:Z2U's Days Inventory is ranked worse than
66.58% of 1559 companies
in the Software industry
Industry Median: 19.53 vs ASX:Z2U: 46.13

Zoom2u Technologies's Days Inventory declined from Dec. 2022 (46.38) to Dec. 2023 (40.11).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Zoom2u Technologies's Inventory Turnover for the six months ended in Dec. 2023 was 4.55.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Zoom2u Technologies's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.02.

Zoom2u Technologies Days Inventory Historical Data

The historical data trend for Zoom2u Technologies's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Zoom2u Technologies Days Inventory Chart

Zoom2u Technologies Annual Data

Trend

Jun22

Jun23

Days Inventory

99.55

39.54

Zoom2u Technologies Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			-	74.10	46.38	48.38	40.11

Competitive Comparison of Zoom2u Technologies's Days Inventory

For the Software - Application subindustry, Zoom2u Technologies's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Zoom2u Technologies's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Zoom2u Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Zoom2u Technologies's Days Inventory falls into.

Zoom2u Technologies Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Zoom2u Technologies's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.054	+	0.045)	/	2 )	/	0.457	*	365
=	0.0495					/	0.457	*	365
=	39.54

Zoom2u Technologies's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.045	+	0.046)	/	2 )	/	0.207	*	365 / 2
=	0.0455					/	0.207	*	365 / 2
=	40.11

Zoom2u Technologies (ASX:Z2U) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Zoom2u Technologies's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.207	/	0.0455
	=	4.55

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Zoom2u Technologies's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.0455	/	2.89
	=	0.02

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Zoom2u Technologies Days Inventory Related Terms

Thank you for viewing the detailed overview of Zoom2u Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Zoom2u Technologies (ASX:Z2U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zoom2u Technologies Ltd (ASX:Z2U) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Miller Street, Level 4, Suite 4.11, Pyrmont, Sydney, NSW, AUS, 2009

Website

https://www.zoom2u.com.au

Zoom2u Technologies Ltd is a holding company and has four wholly owned subsidiaries namely Zoom2u, Locate2u, Locate IP and 2u Enterprises. Zoom2u operates the platform and the marketplace; Locate2u offers clients a Software as a service product for delivery and services businesses to manage bookings, optimize routes, track their team (GPS Tracking) and share their live locations with their customers; Locate IP employs software developers, and 2u Enterprises operates Shred2u and markets ad hoc ecommerce web development services and bespoke distribution operations.

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